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't giving up yet. i'm wolf blitzer. you're in "the situation room." cutting our pay. that's how one u.s. officer says u.s. troops view the recommendation for a smaller pay increase in 2014. no one goes into the military to get rich but most servicemen and women need every dollar in their paycheck. so worried that next paycheck may be smaller is not going over well among the troops. our pentagon correspondent barbara starr has the details. she's working the story. barbara, what's going on? >> wolf, in this town, there's nothing that causes more anxiety in budget politics than the concept of cutting the pay for the troops. but that is exactly what is on the table if congress and the president cannot reach an agreement on a spending plan. the troops usually are happy to see defense secretary leon panetta, smiles and handshakes all around. but days before he leaves office, panetta has bad news. he's proposing less money in their paycheck next year. panetta, a savvy washington operative in budget politics, is leaving it to congress to figure out how not to cut pay and keep thousands of defen
to stop campaigning and come back to the table and work with us. we care about what happens to this economy and the people who sent us here. we have proffered alternatives and solutions. we don't adhere or agree with this false choice the president's putting forward. and as cathy said, president's off campaigning in my state in newport news, virginia. yes, we're very, very concerned about the impact on the commonwealth as we are on all states. there's a way to effect the right changes and reforms so we can avoid that. and we must set aside the false choice the president is proffering. >> as the other leaders have said, the president's only -- >> all right, so that's kevin mccarthy right now. that was eric cantor before that, the speaker. doesn't look like they're putting forward a new initiative to try to break the stalemate. he's referring to legislation that members of the house, the majority, passed last -- in the last session of congress. but that legislation is not -- does not spill over into this new session of congress, if congress is going to want to take up new legi
correspondent ali velshi is here in "the situation room" with us today. ali -- >> what a day. >> -- the numbers are going up. >> just flat, basically. we came within 16 points of the record that was set on october the 9th in 2007. so if we got there, you would have just made your money back after more than five years. let me just remind you, in a market that is volatile, which means a lot of computers influence trade trading, you will go down. this will take a few days. for everything else going on in the economy and in washington, this dow is near an all-time high. we got to a fire-year high again today. >> it doesn't look like on wall street at least, this concern about forced spending cuts. >> there's a couple of reasons for that. as you know, let's say the forced spending cuts go into effect on saturday morning. up won't see any of the furloughs or layoffs for another month and that's when we have to discuss the budget. so the market thinks you have the end of march, not february. the stock is overvalued. you pay a multiple of that. in a low-interest rate environment, you tend to take a ris
policy. and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and you could save hundreds. ♪ born to make mistakes liberty mutual insurance. responsibility. what's your policy? >>> all right. brace yourself. a massive winter storm is taking on. what is going on, chad? >> it was making snow and rain in the mountains and now into arizona, making snow in tucson and now eventually tonight it will move into kansas, oklahoma, parts of nebraska and texas and eventually in the southeast five inches of snow in nebraska. winter storm warning. that is the plains and i know they get it but we've been calling it the triple threat. there's heavy snow on the north side, severe storms and flooding to the southeast and in between not even drawn in here is an ice storm for springfield, missouri. here's the snow t does snow in denver along the front range and it eventually moves out by tomorrow night into salina. heavy snow by tomorrow morning in kansas city and getting a little snow into chicago before it's all said a
Search Results 0 to 5 of about 6 (some duplicates have been removed)